Warren, New Jersey, March 14, 2003  The Chubb Corporation [NYSE: CB] today
announced the pricing of a private offering of senior notes pursuant
to Rule 144A under the Securities Act of 1933. Chubb is offering
$225 million in
aggregate principal amount of 3.95% notes due April 1, 2008 and
$275 million in
aggregate principal amount of 5.20% notes due April 1, 2013. The offering is
expected to close early next week. Chubb will use the net proceeds from the
offering for general corporate purposes and for the repayment of commercial
paper.

This notice does not constitute an offer to sell or the solicitation of an
offer to buy the notes or any other securities. The notes are only offered,
with registration rights, to qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
Securities Act). The
notes will not be initially registered under the Securities Act and therefore
may not be offered or sold without registration or an applicable exemption from
the registration requirements of the Securities Act. It is anticipated that a
registration statement will be filed under the Securities Act to permit
exchange of the notes for registered notes or resale of the
notes.

The Chubb Corporation is a holding company for a family of property and
casualty insurance companies known informally as the Chubb Group of
Insurance Companies. Sine 1882, the Chubb Group has provided
property and casualty insurance to businesses and individuals around the world.
At December 31, 2002, Chubb had total assets of
$34.1 billion and shareholders
equity of $6.9 billion. With more than 13,000 employees, the Chubb Group serves
commercial and personal customers through 8,000 independent agents and brokers
worldwide.

This press release may contain forward looking statements that are subject to
certain risks and uncertainties which could cause actual results to differ
materially from those expressed or suggested by such statements. Such risks or
uncertainties include but are not limited to those which are discussed or
identified from time to time in the Companys public filings with the
Securities and Exchange Commission. The Company assumes no obligation to update
any forward-looking information set forth in this press release, which speaks
as of the date hereof.